Achieve her retirement goal

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You are a financial planner and have a client who would like to receive a $12,000 annuity for 25 years after retiring 20 yearsfrom now. Assuming an 8% return on investment can be earned prior to retirement and a 10% return can be earned after retirment, how much would you advise your client to invest annually, over the next 20 Years, to achieve her retirement goal?

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Reference no: EM13277236

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